---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008951"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T03:19:38.757492+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

# GTLL amends LOI to acquire GOe3; milestones for additional preferred shares

## Summary
- Amended LOI replaces Original LOI dated Dec 2023; GOe3 to become wholly owned subsidiary.
- At closing, GTLL issues New Preferred shares representing 25% of 70% to GOe3; remaining 75% earned via milestones.
- Milestones: GSA contract award, $2.5M sales from charging stations, then $10M sales.
- Bruce Brimacombe named President of GTLL and Chairman of Board; Fred Kutcher remains President of GTLL and 10 Fold Services.
- Expected closing date no later than March 15, 2024; no assurance transaction will complete.

## SEC filing metadata
- accession: 0001493152-24-008951
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315224008951/0001493152-24-008951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315224008951/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008951
- JSON: https://secwatch.observer/filing/0001493152-24-008951.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008951.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.